Dentons and Impact Advisory advised Central Europe Alfa Asset Management Ltd., and its sole investor Optima Investments Limited in the transaction, while CMS advised the seller.
Optima has agreed to acquire 100% of Budapest Metropolitan University (METU) from CEE Equity Partners for a cash consideration of US$50 million, in an international sale process attracting interest from European and Asian, financial and strategic, bidders.
Budapest Metropolitan University, the largest privately-owned university in Hungary, has been focusing on developing its courses, improving student satisfaction (including the willingness to recommend the institution to peers). Over 1,000 foreign students attend the institution where students can choose from over 30 popular programs. The institution’s operations will continue to be led by President & CEO Dr. Ágnes Tóth and Rector Dr. BálintBachmann.
The Dentons team on the deal was led by Partner Rob Irving (Picture) supported by Partner István Réczicza, Counsel Tünde Gönczöl and Associates Nóra Jakab and Brigitta Kovács.
The Impact Advisory team on the deal was led by Head of Advisory Balázs Tüske, supported by Partner Zoltán Dömötör.
CMS’s team included Partner Aniko Kircsi, Senior Counsel Zoltan Poronyi, and Associate Szabina Marsi.
Involved fees earner: Aniko Kircsi – CMS Cameron McKenna Nabarro Olswang LLP; Zoltán Poronyi – CMS Cameron McKenna Nabarro Olswang LLP; Szabina Marsi – CMS Legal; Tünde Gönczöl – Dentons; Rob Irving – Dentons; Nóra Jakab – Dentons; Brigitta Kovacs – Dentons; Istvan Reczicza – Dentons;